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  • Singapore's Sheng Siong to raise $64M through new shares

    SINGAPORE -- Singapore's Sheng Siong Group announced Thursday it will raise additional capital of 80.4 million Singapore dollars ($64.3 million) through an issuance of 120 million new shares. The supermarket group will use the funds for further busi

    September 4, 2014 04:08 pm JST
  • Asia needs to reignite trade liberalization engine

    Sixteen Asia-Pacific countries seeking to build the Regional Comprehensive Economic Partnership framework for trade liberalization failed to set a target percentage of items on which tariffs would be reduced or eliminated at their latest ministerial

    September 4, 2014 12:00 am JST
  • Major Asian airlines struggle to shake off low-cost competitors

    SINGAPORE/HONG KONG/MANILA -- The increasing popularity of budget carriers is shaking up major Asian airlines, causing their market dominance to fade. Singapore Airlines logged a net profit of 360 million Singapore dollars ($288 million) last fi

    September 4, 2014 12:00 am JST
  • Chinese tourists returning to Japan at expense of Southeast Asia

    KUALA LUMPUR -- Chinese tourist arrivals to Southeast Asia's top three destinations have been declining in recent months. Political upheavals, a missing airliner and unfavorable exchange rates are some of the factors that have deterred Chinese trave

    September 4, 2014 12:00 am JST
  • Tourist hot spots

    The number of travelers going abroad reached 1.035 billion in 2012, surpassing 1 billion for the first time, according to the U.N. World Tourism Organization. In 2013, the number increased 5%, to 1.087 billion. Europe remains the most popular touris

    September 4, 2014 12:00 am JST
  • Singapore burrows beneath Jurong Island for oil storage

    SINGAPORE -- Jurong Island, home to Singapore's petrochemical industry, is ready to store crude oil and other hydrocarbons 150 meters underground in specially excavated rock caverns. Jurong Rock Caverns is the first subterranean oil storage faci

    September 3, 2014 10:56 pm JST
  • Singapore Post ups postage prices for first time in 8 years

    SINGAPORE -- Singapore Post is raising postage rates for the first time since 2006. On Oct. 1, the domestic standard postage rate for mail up to 20 grams will be 30 Singapore cents (24 U.S. cents), rising by 4 Singapore cents. International post

    September 3, 2014 04:08 pm JST
  • SE Asian hospitals spend more on expansion

    SINGAPORE -- Private hospital operators in Southeast Asia are expanding operations through acquisitions and large investments as demand rises. In Southeast Asian countries, such as Thailand and Malaysia, there is a rising middle class and growin

    September 3, 2014 01:00 pm JST
  • Modi rolls out 'red carpet' for Japanese manufacturers

    TOKYO -- Japanese manufacturers, consider yourselves invited to India. "There is one thing I can promise to you," Indian Prime Minister Narendra Modi told a symposium in Tokyo on Tuesday. "If you want to look abroad, there is no need for you to

    September 2, 2014 07:30 pm JST
  • Olam International sells dairy plant in Ivory Coast

    SINGAPORE -- Singapore-listed agricultural trader Olam International announced on Monday the sale of a dairy plant in Ivory Coast for around $18.7 million to Dutch dairy company Royal FrieslandCampina. The sale marks an exit from the dairy productio

    September 2, 2014 07:09 pm JST
  • GIC enters housing development in India

    SINGAPORE -- This country's sovereign wealth fund GIC is making a foray into the residential development market in India. It has tied up with Bangalore-based Brigade Group, one of India's leading real estate developers, to jointly invest 15 billion

    September 2, 2014 06:15 pm JST
  • Stephen Grenville: How to reboot world trade talks

    Expanding trade has been the lynchpin of globalization. Total world trade rose from 42% of global gross domestic product in 1980 to 62% in 2007, according to the International Monetary Fund. Trade slowed during the 2008 crisis and since then has bar

    September 2, 2014 01:00 pm JST
  • AirAsia's Redbox courier service expanding regional foothold

    SINGAPORE -- R Box Asia, the company behind the low-cost courier service "Redbox by AirAsia," is expanding its regional network. It opened an outlet in Singapore on Saturday, the first outside its home in Malaysia to kick off a regional foray. The s

    September 1, 2014 05:24 pm JST
  • Singapore Girls touch down on F1 grid

    SINGAPORE -- Singapore Airlines (SIA) is sending 50 of its cabin crew in their world-famous sarong kebaya uniforms to add a traditional Asian dimension to the Formula 1 event in September. In its first year as a sponsor of the Singapore Grand Pr

    August 30, 2014 05:15 pm JST
  • Japanese noodles seek out Asian slurpers

    TOKYO -- A string of Japanese ramen noodle chains are expanding across Asia as more people get a taste for the staple. The increasing number of visitors to Japan has helped spread the word about ramen. Menba Tadokoro Shop operator Try Inc. will

    August 30, 2014 01:00 pm JST
  • Southeast Asian transportation network taking form

    BANGKOK -- Efforts to build a modern cross-border transportation network are underway in Southeast Asia, where regional economic integration is scheduled by the end of 2015. These projects are attracting Japanese companies seeking to contribute

    August 30, 2014 01:55 am JST
  • Olam International earnings down but profits up 68%

    SINGAPORE -- Singapore-listed agricultural trader Olam International logged a 67.8 % increase in net profit for the year ending in June despite a decline in revenue. The boost was attributed to gains from various divestments and asset revaluations.

    August 29, 2014 10:55 pm JST
  • Malaysia's IHH Healthcare sees Q2 net profit jump 33%

    KUALA LUMPUR -- IHH Healthcare's net profit for the April-June period surged 33% year-on-year to 209 million ringgit ($66 million). Malaysia's leading hospital management company attributed the performance to greater patient volumes and increased ca

    August 29, 2014 02:50 pm JST
  • Infrastructure crucial to continued growth in Southeast Asia

    MANILA -- A critical issue for members of the Association of Southeast Asian Nations is how to fix lagging industrial development and infrastructure. The Philippines, with a population of about 100 million and a median age of 23, will likely see

    August 29, 2014 05:50 am JST
  • Singapore expands social security for graying population

    Singapore is bracing for old age. The country recently unveiled a plan to build its first nursing home directly managed by the Ministry of Health and has decided to improve working conditions for nurses -- but there is still much work to be done.

    August 28, 2014 07:00 pm JST